Fast Fashion Garments Pile Up in South Asia as Middle East Conflict Grounds Planes
Shipments of garments for major retailers are stranded at airports in Bangladesh and India as the conflict in the Middle East forces airlines cancel flights.
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Retail
Target Cuts Forecast as Holiday Pain Spreads to Discounters
Target chief executive officer Brian Cornell said digital sales rose 40 percent in December but that traffic and sales trends at its stores were “disappointing.”
Target Cuts Forecast as Holiday Pain Spreads to Discounters
Target chief executive officer Brian Cornell said digital sales rose 40 percent in December but that traffic and sales trends at its stores were “disappointing.”
Luxury
Burberry Takeover Would Be a Showstopper
Burberry remains one of the few luxury houses unencumbered by a family stake-holder. And it is expected to end its financial year to March with net cash of about £665 million ($819 million).
Burberry Takeover Would Be a Showstopper
Burberry remains one of the few luxury houses unencumbered by a family stake-holder. And it is expected to end its financial year to March with net cash of about £665 million ($819 million).
Luxury
Burberry Gives Fresh Boost to Luxury as Sales Beat Estimates
Third-quarter retail revenue rose 4 percent on a currency-neutral basis, with total sales of £735 million topping the £721 million estimate.
Burberry Gives Fresh Boost to Luxury as Sales Beat Estimates
Third-quarter retail revenue rose 4 percent on a currency-neutral basis, with total sales of £735 million topping the £721 million estimate.
Financial Markets
H&M Monthly Sales Growth 6 Percent, Lagging Forecasts
In November, its growth was roughly unchanged from October at 9 percent, missing expectations for an acceleration on the back of demand for winter clothes.
H&M Monthly Sales Growth 6 Percent, Lagging Forecasts
In November, its growth was roughly unchanged from October at 9 percent, missing expectations for an acceleration on the back of demand for winter clothes.
Financial Markets
Hugo Boss Jumps as Clothier’s Profit Guidance Brings Relief
Full-year operating profit will be nearer 17 percent than 23 percent, a range set by the company in August.
Hugo Boss Jumps as Clothier’s Profit Guidance Brings Relief
Full-year operating profit will be nearer 17 percent than 23 percent, a range set by the company in August.
Luxury
Richemont, Swatch Rally, Bodes Well for Watches
Richemont advanced as much as 9.4 percent to a one-year high after a gain in sales of timepieces at the Cartier maker’s own stores signalled that wholesale orders may stop declining.
Richemont, Swatch Rally, Bodes Well for Watches
Richemont advanced as much as 9.4 percent to a one-year high after a gain in sales of timepieces at the Cartier maker’s own stores signalled that wholesale orders may stop declining.
Luxury
Richemont's Revenue Up 5 Percent with Unexpected Watch Rebound
The company has been struggling with the biggest downturn for the Swiss watch industry since the quartz crisis in the 1980s.
Richemont's Revenue Up 5 Percent with Unexpected Watch Rebound
The company has been struggling with the biggest downturn for the Swiss watch industry since the quartz crisis in the 1980s.
Financial Markets
Finish Line Reports Third-Quarter Loss
The Finish Line Inc. on Wednesday reported a loss of $40.4 million in its fiscal third quarter.
Finish Line Reports Third-Quarter Loss
The Finish Line Inc. on Wednesday reported a loss of $40.4 million in its fiscal third quarter.
Financial Markets
Guess Misses Third Quarter Profit Forecasts
Guess Inc. on Wednesday reported fiscal third-quarter net income of $9.1 million.
Guess Misses Third Quarter Profit Forecasts
Guess Inc. on Wednesday reported fiscal third-quarter net income of $9.1 million.
Financial Markets
Calvin Klein and Tommy Hilfiger Owner PVH tops Third Quarter Forecasts
The owner of the Calvin Klein and Tommy Hilfiger brands posted revenue of $2.24 billion in the period, also beating Wall Street forecasts.
Calvin Klein and Tommy Hilfiger Owner PVH tops Third Quarter Forecasts
The owner of the Calvin Klein and Tommy Hilfiger brands posted revenue of $2.24 billion in the period, also beating Wall Street forecasts.
Financial Markets
Shoe Carnival Posts Third-Quarter Profit
Shoe Carnival Inc. on Monday reported fiscal third-quarter net income of $9.7 million.
Shoe Carnival Posts Third-Quarter Profit
Shoe Carnival Inc. on Monday reported fiscal third-quarter net income of $9.7 million.
Financial Markets
Rocket Internet’s Global Fashion Shrinks Losses on Cost Cuts
The adjusted loss narrowed to €32.3 million ($34.3 million) from €54 million a year earlier.
Rocket Internet’s Global Fashion Shrinks Losses on Cost Cuts
The adjusted loss narrowed to €32.3 million ($34.3 million) from €54 million a year earlier.
The News in Brief
Saks Global to Shut 15 More Stores as Part of Restructuring
The luxury retailer, which filed for bankruptcy earlier this year, will close more stores as it tries to cut losses and focus on more profitable, higher-end locations.
Nike’s Latest SEC Filing Revives Converse Sale Speculation
In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
US Economy Unexpectedly Loses Jobs in February; Unemployment Rate Rises to 4.4%
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.
Asics Buys Marathon Registration Platforms to Boost Running-Shoe Sales
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.